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Bernard Madoff's investor fraud took the Ponzi scheme to a new level, but it wasn't so long ago that Connecticut had its own infamous fraud case tied to some of Hartford's most well-known real estate: Colonial Realty Co. And in the two decades since Colonial's collapse, Robert Ficeto's memory of being one of Colonial's 6,800 burned investors is still fresh. "They were already established, and they had turned real estate deals that had made money," Ficeto said, in a recent interview. "What we found out later, it was only good if they could sell the next deal." Colonial's monumental unraveling came just one deal after Ficeto took a...

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Bernard Madoff's investor fraud took the Ponzi scheme to a new level, but it wasn't so long ago that Connecticut had its own infamous fraud case tied to some of Hartford's most well-known real estate: Colonial Realty Co.
And in the two decades since...

Susan and Howard Kilman lived in another shoreline community when they found themselves house hunting in Old Saybrook. Although the town offers myriad amenities – a bustling Main Street, a good school system and public library, beaches, marinas and easy...

A month after the merger of Rockville and United banks, there is already a change in top management.J. Jeffrey Sullivan, president of the combined banks and United's former chief operating officer, has resigned to "pursue other professional...

Aetna is exploring a sale of some of Coventry Health Care's assets worth as much as $1.5 billion, according to people familiar with the matter, a year after it acquired Coventry for $5.6 billion.Aetna Inc., the third largest U.S. health insurer, is...

If you thought depositing checks into your bank account would never be anything other than a mundane but mandatory chore, perhaps you haven't heard of the bank-check selfie, more formally known among bankers as "remote deposit...

Even by current standards of escalating healthcare premiums, a monthly $243 autopay deduction that becomes $1,017, without notice, and wipes out the insured's bank account is a shocker.
Kate of East Granby was equal parts outraged and alarmed when...

Union Savings Bank is proud to partner with the American Red Cross on Union Savings Bank's 4th Annual Blood Drive. Last month, Union Savings Bank employees, their partners at Ventura, Ribeiro & Smith and members of the Danbury community donated enough...

An independent receiver was appointed Thursday to take command of Amistad America Inc., the troubled nonprofit group widely criticized for its management of the replica slave ship that it has controlled since the ship's launch 14 years ago.
Attorney...

The Coldwell Banker Residential Brokerage Cares Foundation is pleased to have recently donated $5,000 to the EverWonder Children's Museum in Newtown. The donation was made through a request by the Coldwell Banker Residential Brokerage office in Newtown...

ESSEX — Joshua Green of Niantic is in custody after he stole money from a Bank of America on 125 Westbrook Rd., in Essex, police said. Green, 34, left the Bank of America and headed north on Route 153 with a large amount of money, police said. No dollar...

Thomaston Savings Bank has continuously supported the Boys and Girls Clubs of America within the communities it serves through grants, donations, and employee volunteer efforts.
The Bank is proud to support an organization which positively impacts so...

The Hispanic Coalition of Greater Waterbury has been serving our community since 1988 and continues to dedicate time to the advancement of the Hispanic community through social services, educational programs, and advocacy. The Coalition received a...